May 30, 2018

Center on Budget and Policy Priorities: Arizona Proposal Would Finance School Funding Boost, Make Tax Code Less Regressive

ITEP Work in Action

The measure would also make Arizona’s tax code somewhat less regressive. Currently, the poorest 20 percent of households pay 12.5 percent of their annual income to state and local taxes — more than twice as much as the wealthiest 1 percent of Arizonans, who pay just 5.7 percent, according to the Institute on Taxation and Economic Policy. The Invest in Education Act would modestly reduce this disparity by raising that 5.7 percent figure to 6.5 percent.

Read more here